SUV sales surge across India giving auto industry festive push, small car segment limps

The festive season brought a much-needed boost to the auto industry in India after a slow couple of months. SUV sales saw a significant increase in October, with major manufacturers like Maruti Suzuki and Mahindra reporting record-high sales. The preference for larger and premium cars was evident, with smaller cars facing sluggish sales. Rising inflation, high fuel prices, and increased vehicle ownership costs have impacted new car sales. However, the festive season helped dealers offload inventory, with Maruti Suzuki reporting reduced inventory levels. Overall, the festive season has brought some relief to the Indian auto industry.